Tuesday, 27 October, 2020
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Companies To Limit Salary Hikes In Selected Profiles: Report

The report says some job profiles might even see unfavorable development in salaries

Disruption brought on by the COVID-19 pandemic has impacted the way in which company India appears to be like to reward its staff, ‘TeamLease Jobs & Salaries Primer Report 2020’, launched on Tuesday instructed. In accordance with the report, whereas wage development might vary from a slightly constructive to stagnant and even unfavorable, the increment for a few of the “super-specialised” profiles can transcend 15 per cent. Among the profiles which the report expects to obtain a development in salaries are ‘product professional’ in e-commerce and tech start-up sector, ‘Animator’ in academic companies sector and ‘digital advertising head’ in IT and data companies sector.

However, the report predicts a wage de-growth for profiles like ‘buyer care government’ in BPO sector and ‘tour operator’ in hospitality sector.

Elaborating on the report, Rituparna Chakraborty, co-founder & government vice chairman at TeamLease Providers stated, “Whereas companies will keep conservative with wage increments, they haven’t shied away from rewarding specialised abilities. In truth, the pandemic has amplified the significance of expert profiles on the planet of labor. It has purchased to forefront the trinity between abilities, efficiency and rewards.

So far as new hiring is anxious, the report stated that 6 out of the 17 sectors it surveyed provided greater than 10 per cent wage development. These sectors embody agriculture and agrochemicals, BPO and IT enabled companies, e-commerce, academic companies, healthcare, IT and data Providers.

Nevertheless, many main sectors like banking, FMCG, hospitality and media & leisure provided lower than 10 per cent wage development for contemporary hiring, the report stated.

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